Sky News has learnt that Caledonia Investments is to announce on Monday that it has agreed a deal to acquire the business from Gala Coral, one of the country’s largest betting and gaming groups. The deal will hand Caledonia ownership of more than 130 bingo clubs and a market share of more than 30%. It (Other OTC: ITGL - news) will surprise leisure industry watchers after a string of other names from the sector and the private equity arena failed to meet Gala Coral’s asking price for the business.